Have You Outgrown Your Starter Home?

By |2018-08-14T10:00:59-07:00August 14th, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which [...]

Are You Thinking of Selling Your Home? Competition Is Coming!

By |2018-08-13T10:00:34-07:00August 13th, 2018|Categories: For Buyers, For Sellers, Move-Up Buyers, Real Estate|

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. [...]

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

By |2018-08-10T10:00:43-07:00August 10th, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Infographics, Real Estate|

Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market. NAR’s Chief Economist Lawrence Yun [...]

Supply & Demand Will Determine Future Home Values

By |2018-08-09T10:00:25-07:00August 9th, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Pricing, Real Estate|

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service [...]

The Wave of Millennial Homebuyers Continues to Swell

By |2020-05-15T13:36:54-07:00August 8th, 2018|Categories: First Time Home Buyers, For Buyers, Millennials, Real Estate, Rent vs. Buy|

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that [...]

5 Reasons to Hire a Real Estate Professional Before Entering the Market!

By |2018-08-07T10:00:10-07:00August 7th, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, FSBO's, Move-Up Buyers, Real Estate|

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to [...]

Are Lending Standards Propping Up Home Prices?

By |2020-05-15T13:36:54-07:00August 2nd, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these [...]

Buying Is Now 26.3% Cheaper Than Renting in the US

By |2020-05-15T13:36:54-07:00August 1st, 2018|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate, Rent vs. Buy|

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent [...]